The Approach Analysis Of The Joint Governance Of The Stakeholder

The paper begins with the theory of stakeholder, the questions about the main views of the stakeholder theory, the important significance to the company governance from the stakeholder, the approach by which the stakeholder may enter the company, what is the joint corporate governance mechanism and the barriers when applying it, respondent policy, the conditions that can guarantee it etc are all discussed in the paper.In my opinion, the company governance widely is the sum of internal and external governance mechanism used by the company to coordinate the interest between all the stakeholders and it, to achieve the balanced benefit among them. In order to make the company decide scientifically, protect the benefit of the stakeholders, the company governance must aim at realizing the efficiency and equality and making the stakeholders restrict mutual in the responsibility, power and benefit.The stakeholder refers to those who put the firm-specific property into the company, including the shareholder, manager, creditor, employee, customer, supplier, government and community etc. The common feature with them is that they can influent the company or reserve. According to the principle of the theory, the company is the combination of diverse resources, the system of different factor suppliers. Except for the capital supplied by the shareholder, there are many firm-specific property from the creditor, employee etc in the company. The share danger with the shareholder together, therefore they are also the owner of the company. Basing on it, the stakeholders have enough power to manage the company. The stakeholder theory breaks through the traditional trust-agent theory, shakes the view of shareholder primacy, adds up new master to the company.Because of the firm-specific property, the stakeholders not only have the great ent-huseiasm, but have sufficient energy and ability to run the company. The significance from their governance are as following: to realize easily the restrict mechanism, to lower agent cost, to enrich the whole profits and make the company run longer and so on. The stakeholder theoryhas important reference value to our company governance the oretically and practically.The weak points of our company governance and the foreign, domestic environment affect our adoption about the theory are all expounded in the paper. In addition to, the paper focuses on the joint corporate governance mechanism and the hinders, resolve policy, and the conditions relative to it.I think, today, the shareholder sovereignty is taking effect on our company governance, it has many drawbacks both in the theory and the practice. In the same time the items that can safeguard the stakeholder are too lack in the company law. In this kind of company the stakeholders, including employee, creditor, etc play a very light role, few systems consider their participative lights, maybe they do, which can not affect really, for the defects themselves. This situation can not satisfy our company governance demand. To solve it, I think, it is the very time to reform our governance mechanism, we must build the new joint corporate governance model, adopt the stakeholders into the company.The approach includes mainly permit the their presentations become the members of the director board and the supervisor board etc. moreover, we must perfect the company law and other regulations and create needed conditions to remove the obstacles for the joint corporate governance.